Trend Micro (OTCMKTS:TMICY) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Trend Micro (OTCMKTS:TMICY) from a hold rating to a buy rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research upgraded Trend Micro from a strong sell rating to a hold rating in a research note on Thursday, July 18th.

TMICY stock opened at $43.20 on Thursday. The firm has a market cap of $6.06 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.55 and a beta of 0.61. Trend Micro has a 52-week low of $42.28 and a 52-week high of $66.47. The company’s 50-day moving average is $44.97.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Thursday, May 9th. The technology company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $345.01 million for the quarter. Trend Micro had a net margin of 17.65% and a return on equity of 15.90%. As a group, research analysts anticipate that Trend Micro will post 1.85 earnings per share for the current year.

About Trend Micro

Trend Micro Incorporated develops and sells security solutions primarily in Japan. The company offers hybrid cloud security solutions, such as data center, cloud, and virtualization security products; network security solutions, including integrated advanced threat prevention and advanced threat detection solutions; user protection solutions comprising endpoint and gateway suites, endpoint security, email security, Web security, SaaS application security, and endpoint detection and response; and support services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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